- The ETF approval process involves navigating numerous regulatory hurdles and requirements.
- Dogecoin and HBAR have strong chances for approval, with fewer regulatory challenges.
- Litecoin has a 90% chance of ETF approval due to regulatory clarity.
After the successful debuts of Bitcoin (BTC) and Ethereum (ETH) spot ETFs last year, the focus has now shifted to adding more single-crypto ETFs for investors.
Besides Solana, altcoins like HBAR, Litecoin, ADA, Dogecoin, and XRP have seen growing interest, and recent filings suggest they might get approved.
Litecoin Has Strongest Chance for ETF Approval, Analyst Says
According to James Seyffart, Bloomberg ETF analyst, Litecoin has the best chance of getting an ETF approval; a 90% probability.
He says this is because of Litecoin’s unique situation within the regulatory system. To get approved, two parts of the U.S. Securities and Exchange Commission (SEC) need to agree: the Division of Trading and Markets, and the Division of Corporate Finance.
Litecoin seems to have an easier path than others because it’s not involved in any lawsuits that have termed it a security.
SEC Approval Process for Crypto …
The post Litecoin Seen Leading Altcoin ETF Race as SEC Approval Odds Weighed for Dogecoin, XRP, and Others appeared first on Coin Edition.
Source: https://coinedition.com/litecoin-seen-leading-altcoin-etf-race-as-sec-approval-odds-weighed-for-dogecoin-xrp-and-others/